Published on: January 28 2023 by pipiads
Table of Contents About shopify income
- I Tried Shopify Dropshipping With NO MONEY For 1 Week
- $0 To $1000/DAY PROFIT In 13 Days Dropshipping - (FULL REVEAL) - Shopify
- I Tried Dropshipping With $100 (Realistic Results)
- How To Build Multiple Streams Of Income & Become Financially Free With Lyn Allure
- How to ACTUALLY Make Money w/ Shopify | NO DROPSHIPPING | Passive Income
- My Shopify Dropshipping NET PROFIT (April 2022)
I Tried Shopify Dropshipping With NO MONEY For 1 Week
so in this video, i'm gonna start a brand new shopify drop shipping business and attempt to take it from zero dollars to over one thousand dollars in just one week. and i'm not going to be using any money for this challenge, and i know a lot of people think you can't start a drop shipping business without any money, but we're gonna prove them wrong in this video and i'll be starting the drop shipping business completely from scratch and walk you through the entire step-by-step process, and at the end of the video, i'll show you exactly how much money the business makes. honestly, i'm hoping it's gonna make over a thousand dollars, but we're just gonna have to wait and see. so i have a lot of stuff that i have to get done today, and the very first thing i want to do is just find a good product to sell, and then after that, i'm just going to find a good supplier. then i'm just going to create my online store with shopify and then after that, i'm going to start creating advertisements, and for this challenge, i'm basically going to be using pinterest, instagram and tiktok and just basically post viral videos on there for free. and yes, this method does work well, since i do use it on my current drop shipping businesses that make over six figures. okay. so the first thing i want to start by doing is trying to find a good product to sell and, honestly, as long as i can create viral videos with the product and it has high demand, it's something i can work with. and, honestly, i find about 99 of my viral products on tiktok, so i'm going to kind of show you my strategy and how you can do this yourself. so kind of what i do on tik tok is just search up tiktok made me buy it- then i'll just click on that little hamburger icon in the top right corner, then i'll just change the date posted to this month and now it's going to show you a bunch of relevant winning products that are selling right now. and some other hashtags you can do this with is amazon fines, drop shippers exposed and tiktok viral products. but anyways, i'm going to take the next 20 minutes to try to find some good products to sell and once i do find something, i'll come back and update you okay. so, honestly, i found a ton of really good products, but there is one that stood out to me the most, which is the cordless hair curler. and for anyone who doesn't know? the cordless hair curler is really convenient for females, since you can kind of touch up your hair anywhere you go, and there's so many stores on tiktok selling this product, so if they're doing well, i'm sure i can also do the same. all right. so the next thing i want to do is find a supplier that i can get the product from, and so for this video, i think i'm going to use spocket. so i found the cordless hair curler on spock it for 28 dollars and 30 cents, which is really good, and the shipping times are only seven to 14 business days, which is also ideal, and i think i'm gonna sell the product on my store for 59.99. now i've actually seen a lot of stores sign this product for over a hundred dollars, but because i do want to sell a lot of product in a short period of time and i don't want it to be too expensive, i think 59.99 is a good number to stik with, and if my customers do see that other stores are selling it for over a hundred dollars and i'm only selling it for a fraction of that cost, i'm sure they'd rather buy it from my store. now i do want to add one other product to my store, and i'm thinking just to make it an upsell. so, anyways, i found this heat protectant spray and i think it goes really well with the cordless hair curler, and i'm thinking to sell it on my store for 19.99, and it's only going to cost me eight dollars and 27 cents, which is pretty good, and if you do need a supplier for your drop shipping store, i'll leave a link for spock it in the description of this video. but, anyways, now i got the product, which i'm happy about, and so the next step now is to actually start building my shopify store, and i do want my store to look like an actual brand, and so it is going to take me a little bit of time to build it. so, anyways, i'm going to start working on the store right now and then i'll update you tomorrow once i'm done. all right, so it's the second day now and i finally finished the store and i made it look very simple and clean, and i'm going to show you the page that the customers get redirected to. so, anyways, i have different color options here, and i also did add a sales timer to create sense of urgency. i also included a ton of high quality photos, which is really important, and i also added this to build more trust with the customers. and if you scroll down here, you can see i put what's included in the package, then i tok about the benefits of buying the cordless hair curler, then i added some frequently asked questions and then i also do have a 30 day money back guarantee. a lot of customers won't buy your product if you don't have this, so make sure you do. and if you scroll down here, you can see that i did include how the cordless hair curler works, so this just makes it look really easy and straightforward. and all the way at the bottom of the page i did include some customer reviews. now, i obviously did import these reviews to my store, but usually i do have real customer reviews. but that's pretty much it for the store and i think it looks pretty good. but anyways, now that i'm done with my store, the next important thing i have to do is add a shopify app called after sell to my store, and the reason i'm going to use after sell is because it can increase my revenue anywhere from 10 to 15, which is exactly what i want. and afterstok is for post purchase upsells, and if you don't know what that is. it's basically when you offer a customer a product to purchase after they've already purchased something from your store. for example, after someone purchases the cordless hair curler from my store, i can then offer them another product to purchase. so in my case, i could upsell the heat protectant spray, since it works well with the cordless hair curler. and post purchase upsells work so well because if a customer just purchased something from your store, they're more likely to purchase another item, since you already built that initial trust, and you can even give them a really good discount on the upsell offer, which will then make them want to buy it even more. now, one thing you never want to do with upsells is actually offer them to the customer before they've made a purchase. this will just end up confusing them and they might not end up buying the product at all. but the good thing about after sell is that the upsell offer only comes after a customer makes a purchase, which is exactly what we want. but anyways, i'm actually going to create an upsell offer using after sale for my store right now and kind of walk you through the process step by step. okay, so the very first thing you want to do is go to the shopify app store and just search for after cell and it should come up. so it's going to look like this: after sell, post purchase, upsell. so let's add the app. okay, so once you're in after sale, the first thing you want to do is click here on enable settings. then it's going to bring you to the shopify page. so just make sure you click on after cell, then just click on save. okay, back here, let's just refresh the page. okay, now the first thing we want to do is actually just set up our first funnel. click here on create and i'm just going to name this funnel: heat protectant. so here i want to click show this funnel to all customers. since i only do have one upsell product. okay, now i'm going to choose the upsell product and basically what i'm going to be upselling is this heat protectant spray. now, the cool thing here is, if the customer actually does end up purchasing this product, you can offer them another upsell, and if they decline this product, then you can offer them a downsell. now, since i don't have any other products, i'm just going to keep it like this, but you can add products in here. now. next thing i want to do is click here on edi.
$0 To $1000/DAY PROFIT In 13 Days Dropshipping - (FULL REVEAL) - Shopify
yo, what's going on guys? welcome to new video in which i'm gonna be doing something i haven't done before, which i always say, but uh, i mean i've only done like nine or ten videos so far, so you know i haven't done a lot of things. so in this video i'll be showing you guys how i took a product from zero to more than one k day profit in less than two weeks, and i think that's going to be really good for you guys who are like beginners or learning about stuff. so, yeah, i think it's going to be probably the most educational video on my channel, apart from, like, the seven day challenge. so right. so the point of this video is just to show you guys like what's possible, how i did the facebook ads, how i found the product, everything like that. i'm not gonna be showing you guys the exact product, and the reason for that is, if i show you guys the exact product that i was using, everyone's just gonna copy it and it's just gonna stop working. so there's really no point in that. if you guys wanna see other winning products, just go to any product research tool and just search up, like previous winning products, and you'll see what kind of products work, and then you can base your research off of that. let's go straight into it. all right, so the first thing that comes into getting a product to 1k a day is actually finding the product. now this can be done in many different ways. now i'm going to be showing you guys the main way i find products personally, but you guys can do anything else. like you can find products literally in real life and then like, see if someone's advertising them or something. but yeah, you can like search aliexpress, you can use any tool, but i personally always use drop a spy and i just go to filters- last seen winning products- and i scroll through. now, this is the crucial part of the process. it's literally the hardest part. but you just want to keep scrolling and searching for something that makes sense, that like has a decent margin, that you can see yourself, um, selling. so, yeah, like, you can literally spend like hours upon hours just scrolling drop us by messing around with the filters, like entering some keywords here and there and the text search. so if you want to do like a fishing product, you want to do like fishing or something related to fishing, like lore or whatever, and here we go. now we're seeing, like fishing products, and then you want to keep scrolling here as well, checking out the website. so, for example, this product right here. we always want to check the site so you can see their ad the exact time that's working. and you click on shop now and here we are, we're on the site. so now you can analyze and see if there's anything you can improve and, uh, if it's worth running. always pay attention to the margin and this product's pretty cheap, so cheap products work as well, but i personally go for, like, higher margin products and i mean this is literally how i found the product. so i was just scrolling here adding some keywords, doing stuff like that, and i ran into a product. i saw the margin was there. i saw their site wasn't good, so i improved the site. i got some ads from top notch ads, which you know is always linked to the description- and i ran the ads which you're going to see soon. basically want to see proof of concept that someone's been running successfully, and then you just want to make everything better and run it yourself. so that's literally what i did and the next step, once you find the product, is obviously like validating that you're going to be running it. so you want to see the margin, everything like that. and once you find a product that checks all your criteria, what i like doing personally is using saturation inspector. so i just go to aliexpress, find the listing and then, for example, this watch: there's only 12 stores that are selling this watch at the moment. it's not too competitive, it's not saturated, but it is a watch, so i wouldn't sell it. and they recently had an update with the software so now it also works with cj dropshipping and alibaba, in case your product's not on aliexpress. so if i click the extension and we wait for it to load, it says there's 15 stores that are selling this product currently, um, which is not too many. so this product is also good. and even if we go to alibaba, we can also see that, like this products being sold by 12 people. so it's pretty untapped as well. and, yeah, i really like the update. so if you guys want to use the software yourself, there's a link in the description, so check it out. that's all good. you want to start building the product page or the store? now? i personally mostly run general stores. i do have like one, one product store, but uh, yeah, mostly around general stores and the reason is they're, like the most time efficient and i've tested it. there's not really much of a difference. if you take a bad product and you test it on one product store and in a general store, it's not gonna work on either one, and if you take a good product and you test it on both, it's usually gonna work on both. so don't stress that too much. and yeah, so i always recommend general stores for beginners. and the store itself was pretty simple, just like the beautify theme, and i wrote out a pretty decent description for the product. nothing too fancy, but just like answers pretty much all the questions that someone would have. a quick word from this video sponsor, cinder. so if you guys are doing drop shipping or doing like amazon, fba, any sort of e-commerce, whatever you're doing, you're gonna have to do accounting and that sucks so bad like there's something i don't like doing. it's like accounting and those like business related obligations that everyone has to do or you go to jail. so luckily there are apps like cinder that help you like track at everything totally automatikally so you don't have to worry about it. it integrates with so many things like i don't have time to go over everything on the video. so it also integrates with like paypal and stripes so you can track all of those like transactions there as well. and it also integrates with like quickbooks and similar software like xero and stuff, so you can automatikally like keep track of all your purchases and sends all the data and everything. you really don't have to worry about anything. and you're also able to import like historical data. so in case you haven't done any bookkeeping before and you're like screwed, you can just connect it and it's going to automatikally like sync all your past orders and stuff like that. and if you guys want to see a live demo, i'll also have that linked in the description. so, yeah, i mean, if you guys are doing any volume, this is a must-have. click the link in the description, check it out and let's go back to the video. i toked a lot about like, uh, how to do it, but like let's go straight into the store itself. so i'm just gonna take you guys like day by day, because i know i would have loved to see this, uh, when i was starting, so hopefully you guys do too. i only ran this product to like the british market. this is in the british currency, june the 6th, i launched the ads and i'll show you guys how i launched them. now what i've done for the ads for the first day is, as i always do in my challenges and everything like that, seven ad sets at like 10 a day, one interest per ad set. if you guys want to see like more in depth, i think i went over in my 70 challenge videos, so check it out there. but uh, yeah, the cpms were pretty low. um, the ads from the top notch has been amazing. the ctr was 2.31 and we had like two purchases tracked on facebook which, like the tracking on facebook, has been pretty bad lately. like it varies from day to day. sometimes it like tracks a lot of purchases, sometimes it like miss tracks like 70 of them. so it is what it is. you just got to deal with it. but uh, here's my profit loss sheet. the first date i made 72. uh, we had five purchases, so facebook didn't track three of them and i calculated everything in uh dollars, just because that's what i understand. i want to know how much it was worth in dollars. i.
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I Tried Dropshipping With $100 (Realistic Results)
the past few years i've managed to make over seven figures drop shipping. but then i thought to myself, what if i lost it all, all the money, all the knowledge, all the connections, and i would have to start all over again with only 100 to my name? well, lucky for you guys, in this video i'm gonna go over exactly what i would do if i were to just start with 100 and potentially just maybe cut myself a lambo at the end of this video. so i am starting with 100 to my name. but wait, there's more. there are a few guidelines set in place, some terms and conditions. perhaps that will make this challenge a little bit harder. rule number one is i can't use my past connections, old influencers, past suppliers that have given me winning products and just overall, anything that i know of that can help influence this challenge to make it easier for me. rule number two is i have to start a brand new shopify store, meaning i also have to start with a brand new product that i've never tested before, just so that it's fair and it's as if i started from complete scratch. rule number three is i can't use my personal brand to gain anything out of this challenge, meaning shout it out on my instagram or just do anything to influence it in that sort of way. and last but not least, as you guys already know is i only have a set budget of 100. so now that you guys understand the rules, let's let the games begin. so the first step in the process is to actually find a winning product. now, since we only do have a budget of 100, i'm gonna be going the tiktok organic route, meaning posting content on tik tok and hope one of them blow up so that we can get a lot of visitors to our site for virtually free. now, personally, if you're on a budget, i think this is the best method because you don't have to spend any money on advertising and, in the case that a tiktok does blow up, you can get a lot of sales. so the way i'm actually gonna find a winning product is scroll through my tiktok feed. for a while here i'm gonna sit here, chill, scroll and since my tiktok feed is optimized to finding winning products- since i just like a bunch of drop shipping ads and drop shipping pages- we might come across something that may be interesting. so i'm gonna go ahead and do that now and get back to you guys once i think i found something pretty interesting or worthy of selling demon. this is the reality. sitting there, there's some on the radio back and forth, just had a heart attack and i heard the little one who's climate change. so you have 300. so a lot of people think. so a lot of people think that i'm faking these videos, but i'm going to show you guys once. i don't know, i think i may have just found a product that may be worthwhile testing. okay, so pretty much what this is is a speaker and you guys can pretty much see you connect your phone to this bluetooth metal thing and once you place that object on any surface, like something metal or glass, it pretty much amplifies the sound. so i'm gonna go ahead and follow this page and you guys can pretty much see that they're posting videos consistently, honestly, and it looks like they're getting consistent likes and comments on every single video that they post. so let's go ahead and check out their store and it looks like it's a general store that they turned into a one product store from the name of it. they're selling it for forty dollars and they have some pretty nice images here, some gifs and description, the size- overall really nice, and they have some reviews, so this might be a potential product, and i'm actually really excited to test this product out. the views are outrageous and they post really consistently and it looks like it's not too old. so you guys can see, their first video was on the 19th, which is insane. so this is a product that could potentially get us our lambo, okay. so right away i went ahead and searched the product on amazon, hoping i could find it- it was the fourth option- and went ahead and purchased it for 38. and then i also went on aliexpress to see how much i could source this product for, which came to be around 21, and i could always get this lower once i start getting more orders. but since we're selling it for 40 dollars and we're getting it for 21, we have a profit margin of 19.. so out of our 100 budget, we spent 38 of that to order the product, which leaves us with a total of 62 left to spend. but anyway, now that we have to wait for the product to arrive, i'm going to go ahead and use this time to actually create the store for this product. porta speaker: a speaker that is portable and you could pretty much stik anywhere and amplify the noise. well, hey, i think we got ourselves a brand name. porta speaker sounds pretty nice and pretty easy to remember. now, since we are on a budget of 100, i'm gonna be going ahead and making the logo myself. i'm gonna be using a 30 day shopify free trial, which, if you guys want to do the same, you can use the link below. so we're pretty much not gonna have to pay for shopify for the first 30 days. so i'm gonna get to work, create the store and then hopefully we get the amazon product so that we can start filming some content, posting the tik toks and just start driving traffic to the store to see if anyone would actually buy from this store. but anyway, let's go ahead and start the store build. okay, so our dropify shoplifting store is finally complete and now it's time to review it. ladies and gentlemen, i present to you porta speakerus- what, okay? so here is the product page where pretty much all of our customers are going to be redirected to. you guys can see we have a few images right here so you can just scroll through. we have the name of the product with a few reviews under it and you can see we have free shipping and 50 off, right under the price, and then, going into the description, we have a headline with a description under it, along with a few gifs. i'm going to be changing these gifs once i actually get the product and i'm going to pretty much record custom gifs so that they're a little more personalized and people who come to our site get a more personalized experience, but for now i just have these temporary gifs that i have just as a placeholder. we have another headline and description, another gif, another headline description and a gif, and then we have a faq section for customers who have any questions or doubts about the product, and you can see how this works. it's pretty much a drop down menu scrolling down into the reviews. we have all these reviews. reviews are very important and you could pretty much just take these from the supplier that you're sourcing the product from, because it's pretty much the same exact product. and that concludes our presentation for the porta speaker website. so we found the winning product. we have our site built out. now the last step is actually to get the product and create a tiktok page for it and then just start posting loads of custom content for the products that we can potentially get on the for you page of different potential customers that will potentially be the holder of the one and only porta speaker [Music]. okay, so the product has finally arrived from bezos's hands into my possession and now we're gonna go ahead and unbox this right in front of you guys. so let's go ahead and see what we got. i present to you the porta speaker. wow, it honestly looks pretty solid. okay, so i'm gonna go ahead and set this up and see what we can actually do with this thing and if it actually even works as expected. all right, so i just set it up. so i'm gonna go ahead and play some non-copyrighted music so that susan doesn't cut my paycheck for the month, but i'm gonna go ahead and show you guys how this works. it's honestly pretty cool. all right, so i have my music ready to go. i'm gonna move my mic actually, so you guys can pretty much hear everything that's happening, and i'm gonna go ahead and click play without this on the table and watch what happens once i actually put it on the table. [Music]. that actually works, believe it or not. we're actually almost pr.
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How To Build Multiple Streams Of Income & Become Financially Free With Lyn Allure
[Music]. thank you. [Music]. there isn't just one way to make a living- not today, especially in the world of e-commerce, but a lot of times. it comes down to getting the right information, something that we are going to tok a lot about in today's episode. foreign. [Music]. hey, what's going on? so glad you're here. my name is Benjamin Gottlieb, and this is learn with Shopify live. joining me today is Lynn Allure. Lin is a Serial entrepreneur, a YouTube star, and she is here to share all of her tips for Success. Lynn, thank you so much for doing this. thank you for having me. I'm so excited to tok with you all about finances and business and all the good stuff, and so are we. and, by the way, if you're watching right now, just a quick reminder that we do on all of these episodes, we want to take your questions too, so make sure you drop them in the comments section. we'll make sure to get to them if we have time. uh, Lynn, before we jump in, let's start from the beginning, right? uh, I believe you actually went to school for finance and you started your YouTube channel during that time, and your first video, if I'm not wrong, one of your first videos- had to do with selling a product on Shopify. tell us a little bit about that experience, how that kind of started you off on this journey. yeah, so, actually, surprisingly enough, the first video I ever created on YouTube had nothing to do with Finance, even though I was in school, um, for accounting and finance. my first video was more so the creative out. for me, accounting and finance is super mundane and I was kind of looking just for Creative outlet and I was on YouTube a whole lot and submerged in the community. so I figured, you know what, let me share my little tidbits, and my first video was actually a story time. then I started doing you know, hair and makeup and fashion videos- all the things that I loved, which I still do love. but As I Grew Older, my interest changed a little bit as well and I started to get a lot more secure in my financial journey and felt like, you know what, let me share where I'm at, because a lot of people, um, they suffer with their finances in silence, and so I just shared my journey with personal finances and I had done some work with Shopify, um, using Shopify as my web site Builder, and it was really great. so I just shared a little bit of my experience and my journey and it resonated with a lot of people and it took off from there. well, personal finance and, as you mentioned, I think, a great way to think about it, suffering and silence- that is something that could be common for a lot of folks. it can be embarrassing right to be struggling with your finances. but let's go back, if we can, to this uh store that you started on Shopify. my understanding is you were selling, uh, hair accessories- is that right? hair extensions, which I guess they're extensions. so, yeah, why did you decide to start selling that? and and how did it do? okay, so I decided to do that because I was creating so many videos about hair extensions. um, like I said, I was doing a lot of hair makeup and fashion uh videos and I saw that my hair videos were taking off more than, um, everything else, and you know, my community just really loved the topic of hair, hair extensions and all that good stuff, and so, um, I naturally just started creating a store because people would ask me, my audience would ask me: are you gonna sell these? um, I would like the exact same thing that you have, and so my audience kind of gave me the idea to do it. I had zero intention of starting a store or monetizing my platform or anything like that. I was just sharing just because I liked it and I wanted a creative outlet. but they gave me the idea, I ran with it and I was like whoa, what just happened? to answer your question of how it did it went amazing. I launched the store, I believe, on a Friday, um, and it was sold out by Tuesday, or I let everyone know it was going to be available on a Friday and then by Tuesday, I was all sold out. so it did great. no, that's incredible and that is something that we're actually, uh, learning- no pun intended- on this channel. a lot is this idea of building an audience first and then having a product that kind of develops organically, um, do you see that as a viable path for folks that are looking to get into e-commerce, uh, but perhaps don't know exactly what to sell, but they are affable and they feel like they should put an audience together? oh, absolutely. not only is it viable, but I think it's one of the smartest ways to go about it in terms of pressure and stress on you, because if you just launch a product, just cold, launch a product and you have no idea who's going to buy it. you have no audience or Community online. it puts so much pressure on you to make it work when the odds are kind of against you because no one really knows it exists. you haven't really gotten a chance to understand your community, your audience and what the true pain points are. you might think you know, but through communication and connection you you get more of an Insight. you get the same questions repeatedly and then you recognize: oh okay, this is a pain point for me. I knew it was the quality of the hair extensions, because a lot of people would say, yeah, you know, I'm going to um, look for a, a vendor or supplier that that makes good hair extensions, and then they would get it and the quality was basura. so that was something. it's trash. by the way, if anyone knows exactly, we're trilingual around here. but yeah, I figured um, I thought I knew what it was. I thought, you know, people just wanted to look good, but it more. it was more so about the longevity, um, while still having affordability. so that balance between good quality hair extensions that wouldn't look all matted up and dull within the first week or so, but also were affordable. so I got more and more insight into, um, who my audience and Community was and what they were truly, um, what a pain Point truly was for them. and so I think you give yourself Grace to just kind of figure it out organically when you build a Community First, instead of just, you know, trying to launch a product, uh, Without Really knowing who you're going to sell it to, how you're going to sell it to them and if it's going to be valuable to them, because, at the end of the day, you want to provide value. that's the name of the game: providing value. so create an audience. yeah, so I was gonna say just understanding your audience- really important- and understanding who you're trying to sell your products to. Great learning's. there I'm chatting with Lynn Allure, serial entrepreneur, YouTube star and an early Shopify adopter. we're so happy to have you. by the way, we're seeing some questions come in from you, the audience. please go ahead and put your questions in there and I'll make sure to ask them of Lynn as we continue with the interview about, uh, your first kind of experience into e-commerce with these hair extensions. um, you know, a lot of times we tok with folks, with Merchants who didn't have a lot of experience with their product before selling it. I'm just curious: did you have much experience with hair extensions prior to selling them and, if so, how did that help you in knowing you know what products actually put out there? yeah, I definitely had. um, I I had experience using hair extensions before, never selling them, um, but I was a customer myself, so I kind of knew what to look for, and that definitely helped me to um sell better. I think it just takes the pressures off of you when you know what it is that you are selling to your audience. I think sometimes people hear that something is lucrative and they just want to hop into it because they hear it's lucrative. but if you're not a consumer, it's a whole new world and it's even much more of a learning curve for me. um, the world of online entrepreneurship was new to me, and so to have to jump over another hurdle of not only setting up a store, um marketing, because I'm I'm not a marketer, my, my background is in accounting and finance, so you know learning about marketing and, um, you know digital products and uh.
How to ACTUALLY Make Money w/ Shopify | NO DROPSHIPPING | Passive Income
a lot of people want to make money drop shipping with shopify, with aliexpress, and a lot of people end up failing miserably and losing money. because, let me be honest with you, drop shipping with aliexpress is an outdated business model. i mean, you've got like one month to three week shipping times. there's no way your customer is going to be satisfied whenever they can buy the same product for, if anything cheaper, on amazon for next day free shipping with prime right. so, uh, shopify with drop shipping and aliexpress is not a very viable option. but that does not mean that you still can't make even more money with aliexpress. let me explain. if you're getting any value out of today's video, make me deal, hit that like and subscribe button, and if you don't, you can even hit the dislike button. it does all the same for the algorithm. anyway, today i'm going to show you guys how i make money with aliexpress and how you can make money in any niche, any market with aliexpress without the actual drop shipping model. now, you know i like drop shipping but i don't like, you know, the cheap products, the labels that have a bunch of chinese symbol on it whenever someone bought it from texas, right. i just don't like that very much. so we're gonna run through the steps on how to use aliexpress the right way, in the safer way. right, because you're gonna have the long shipping times. you're gonna have the weird labels. the products are probably gonna smell weird. but what if you could still use aliexpress, still get those crazy margins, but you have two day shipping times and you've got your own product label on it? what if i told you you could do that? would you hit the subscribe button anyway? step number one is to get shopify. sign up for it. sign up for the 14 day free trial. design your store. if you decide it's not for you, you can cancel at any time. you don't have to pay. you only have to pay 29 a month once you actually launch your store. so go ahead and get shopify. number two is you're going to want to find your niche. don't have, like you know, general stores sometimes work, but you want to kind of find your niche. if you're going to do a clothing brand, you really have to niche down within your clothing brand. right, have kind of a target market. for example, i sell some hawaiian shirts on my store. i kind of have a clothing ranks. i have another channel that i sell merch on, so it's kind of not as niche. i just kind of have random designs. but i do sell hawaiian shirts that i bought from two dollars on aliexpress and sell them for like 40 on my store. so, anyway, you want to find your niche, whether that's pet care or whether that's home, home goods, home appliances, outdoor furniture, whatever it is. pick a niche, and the more niche is better. so outdoor furniture, outdoor patio furniture, outdoor pool furniture- if you've got a summer store, narrow it down. summer pool toys, whatever. it's just going to be easier. someone's going to go on to some random website that no one's ever heard of and it's got all sorts of. they might as well just go to amazon, right. so pick a niche. so once you've got your store, got your niche, you're going to design your store right. you're going to want to have your brand colors, add a little logo, add some pages. you know some- uh, what do you call it? some some collections, just make it look a little bit pretty. then go to aliexpresscom and make an account. this is where you're going to make all of your money- this website, right here. traditionally, what most people on the internet tell you to do is to add a product from aliexpress onto your store, market it, wait until someone buys it and then buy it from aliexpress, ship it directly to the customer. so you know the classic drop shipping model. but the problem is is you're never going to get repeat customers and you're never gonna build a brand if you have three to four week shippings. right, i've done that before and it's taken up to two months to get a simple like mask to the customer store- absolutely unacceptable. so what you're gonna wanna do is you're gonna buy in bulk. a lot of people like: well, i don't want to buy bulk, i don't want to have an inventory. but here's the thing: all of these shopify gurus and all of the you know youtube ads and stuff you see toking about this dropship model make having inventory sound like a nightmare. it's like: oh, you're gonna have to spend thousands of dollars, you're gonna have to have a big warehouse. that's not true. you can spend up to fifty dollars just to get started. there is no reason you need. i have a floor to ceiling shelf right here and only it takes up one shelf. with the la express products. i have just some glasses and some hawaiian shirts. it takes up no space. so don't listen to the people who are gonna say it's gonna cost you thousands of dollars, you're gonna be stuck with inventory. if you're smart about picking your niche and have the, you know your target audience, you've got a decent marketing plan or at least a youtube channel to get free. you know traffic from to your store, it's gonna be fine, right, you can start as low as 50 or even cheaper. you can buy one pair of glasses for three bucks on aliexpress and see how it goes right. so don't listen to the people who say buying in bulk is a horrible idea. drop shipping is not a bad idea, but there's a whole other thing. i've got videos toking about american drops- drop shipping with, like you know, buying in america, selling to americans and worldwide with actually like two to four days shipping. but that's a whole different thing. i'm not saying drop shipping is a horrible business model, because i still do it anyway. so you're going to want to take these professional pictures from the aliexpress listings and copy them over into your shopify listing, right into your product page, and then you can even use their professional description. sometimes their english is a little bit off, so you might have to tweak it a little bit, but steal the pictures, steal the descriptions, and it's good as it's, perfect, it's all you need. so doing this is you're going to have much higher margins, right? you can buy a pair of sunglasses for 13 on amazon and maybe sell them for 20 bucks on your store. well, i can buy the exact same pair- i know i have, because i bought the same pair just to test it for three dollars on aliexpress- and then sell that for 20, right? so your margins are way higher. you will have to go to the post office, but, trust me, that little five minutes you spend and the extra five bucks you spend on shipping is going to make you so much more money and build a much more reliable and reputable brand down the road, because you're gonna have decent shipping times, not gonna have weird smelling products- you're not- because you know, and there's little packages that they come with, they kind of smell which you can put in your own package and put it in your own branding. it's gonna look a lot more professional. like i said before, if you drop from aliexpress, you're not gonna have repeat customers and you're not gonna build a passive income machine that all of these fake gurus- or at least shopify gurus- even real ones have promised you just to sell their courses. if you drop from the us you'll have much faster shipping times but you will be making much less. so you're getting the fast shipping times by shipping out yourself, but the great margins from ordering overseas. so it was the best of both worlds. i did this years ago to just kind of test it. i turned a small investment of 50 into 320. but imagine doing that on scale with higher tiket items. but let's just say you buy 100 pairs of glasses for 300 and turn that 300 into 2 000 or roughly 1400 net profit. so you're only going to spend 300 to get it started to turn over 1400 net profit. and that's after production cost and that's after shipping. right, so that fourteen hundred dollars is you're taking that home, and 100 units is not a lot. the sky is the limit and you know, running facebook ads and all that stuff, that's a whole nother thing. that's a whole other competitive thing, but the
My Shopify Dropshipping NET PROFIT (April 2022)
look, i don't know about you, but to me, it seems like most people try to hide how much net profit their ecommerce or drop shipping store is actually making. so in this video, i'm going to break down exactly what my profit margin was, go through every single expense and show you what i'm doing to improve it, because, if i'm being honest, this number's not perfect. it's not where i wanted it to be, but it's also not too far off. so i'm going to give you a full breakdown of the net profit and also give you an update on the hacker that hacked into my tiktok ad account and stole over forty thousand dollars. so, that being said, make sure to like, subscribe and comment. that'll get you automatikally entered into our giveaway. we give away a free course access as well as a free custom built shopify store in every video. so the gross revenue on this store in the last 30 days- this is, through april 2022- was a hundred and sixty nine thousand four hundred forty five dollars. it was really interesting. if you look at this graph- i'll throw up a screenshot of it- of the analytiks, it was a very consistent build. it was not something that started off at five thousand a day and stayed there. it started at two and it ended at about 12 000 a day, so it's moving into the next month very nicely- a consistent scale. total orders was over 4100. the average order value on there was 41.20. this is a huge number. a lot of people kind of downplay how important the aov is, but it was huge. this one used to be like 38 and then eventually it was 39 and finally got it above 40, which is where i always wanted to be. so it was like a very slow climb to get that average order value up, which was huge, really helped with the advertising on the front end. now the total ad spend for the month of april 2022 was eighty-five thousand three hundred and forty six dollars, which pins it right about it two row as, which is very good. i'm very happy with that, especially while scaling aggressively, going from 2000 a day to a little over 12 000 every single day in a 30-day window. that means you're gonna have a lot of stuff you're launching that doesn't work right. you're trying to scale up, so you have to launch a lot of new things. some of that's not gonna work, so there was probably ten thousand dollars of inefficient ad spend on there in terms of things that, like, completely flopped other stuff that did so. so maybe break even. so that number, more optimized for this sales volume, would probably be like 70, 000, maybe 75. now one quick point i want to mention about the hacker that got into the ad account. the problem is resolved. in total, the ad account tiknically spent a hundred and twenty eight thousand dollars, remember they went on there. they launched a ton of ads at a hundred thousand dollars a day budget. it only spent about forty three thousand dollars before i caught it, which is i i don't even want to say like only because that's a lot of money, right, but nonetheless i was able to get that credited back. obviously i wasn't too worried about that but still wanted to figure out the problem. so that's where we got the total spend number from. now. cost of goods: i am very happy with this number: 38 449, super, super solid. the fulfillment has been on point, been working really hard. this product's custom based, so we have to order the base product and then still do some manufacturing on top of it to actually finish the product, and that makes it a little more difficult to get it out the door really quickly. so we have a three-day processing time to actually get the order done. that used to be six, so down from six to three, and then shipping can be anywhere from seven to twelve days depending on where it's going. so the fulfillment time has been pretty good and i can't complain and, if i'm being honest, the customers haven't really been complaining at all. i mean, we're getting like a 0.1 chargeback rate like super, super healthy, next to no refund or return request- absolutely solid there. i'm super, super happy with that. it's been really solid. and, by the way, if you want to track all your analytiks and see more stuff like where i'm getting this breakdown, go use be profit. it's linked below. i have a little discount code as well. they've been helping us out, giving a discounted access to you guys here as well as inside of the ecommerce courses which you can find. it linked below as well, but they let you break down all the analytiks. it helps with taxes, just knowing your numbers. but this is what their dashboard looks like so far into may, just in the first couple days: a little over ten thousand dollars in net profit on this same exact store. unfortunately, because of the hack, the ad account went down and it's still down as of when i filmed this. it'll be posted a few weeks later, but it went down for a couple days because they were verifying the suspicious activity to figure out what was going on. so that's why the numbers are a little bit lower than expected. but nonetheless, definitely check out, be profit. and now on to the next expense, which is the va team: 750 bucks a month for support. that is a full-time support team of two people that work in rotations. so really, really solid there. it's like probably almost full-time. but i mean, you know, norman, that number is going to come out to about a thousand once we're a little bit higher and eventually we'll have to add more people. it just depends on how far we scale. now, new content. you know me, i always like to be investing back into the business. this month it really wasn't a very large amount. the month before it was about three thousand, this month was a thousand bucks. we ordered five new videos- really, really solid custom content- to five separate influencers that are making videos for the product. now, email marketing is huge. this did a little bit over 17 000 in sales. i brought on one of my good friends who has a large email marketing agency. he always crushes it for my stores, paying them 2000 a month as of right now for the first couple months, and then we'll kind of work out, probably a performance-based structure, which is what we do. but two thousand bucks a month, they brought back over 17. that's through email, so there's no ad spend really helping out the the extra stuff on top of that and building out good campaigns and flows. now there's some other expenses a lot of people just never seem to factor in. there's hosting fees, there's payment processing fees, there's a lot of stuff that goes into it. fun fact: i spent 273 000 just in payment processing fees during the entire year of 2020. so it's a very large expense that you have to pay attention to, and the total, for all of that included, was six thousand five hundred and forty five dollars. okay, so had fifty eight hundred dollars in fees- okay, just processing fees- crazy, but that's about three percent- and another seven hundred dollars in refunds. now, if you look at that rate, seven hundred bucks in refunds compared to 170 000 in sales- that's really, really good. that's unheard of. and we also have a policy where for us, it's not worth having an upset customer or somebody with a bad taste in their mouth about my brand if i can just refund their order or replace it or do something like that. so we'll do replacements, we definitely refund as well. sometimes we do both right. we just want to put the customer first, to make sure they're happy, because, trust me, it's not worth the problem. and, by the way, all these things we cover inside of our ecommerce program linked below. we just opened up the tiktok add course. you can check that out- super epic on the advertising side, which is where 100 of these ads are being run and doing really well, so definitely check that out. we also tok about the business framework and everything like that. now that leaves me, after all these expenses, with a total of 35 354 dollars which, if we scroll down here, is a 20.8 percent margin. it's a little bit low due to the scaling. we had some inefficiencies there. it started at about two thousand dollars a day, ended at 12.. it's normally like a 25 margin, that's.